$525,000
SOLD FEB 14, 2025

1046 E University Dr Mesa, AZ 85203

Mesa Patios Neighborhood
-- Bed
-- Bath
2,072 Sq Ft
0.27 Acres

Recently Sold

$253 Per Sq Ft

12% Below List Price

124 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of February 2025

2 well maintained units that have been used as office space for the last 17 years. One 2 bed/1 bath unit and one 1 bed/1 bath unit. Value-add of potentially building another unit in the large backyard, please verify with City of Mesa. All new underground plumbing as of 9-2023.

Last Agent to Sell the Property

Alex Thomas

EPL Realty Group, LLC License #SA658146000 Listed on: 09/24/2024

Co-Listed By

Peter Ellefson

EPL Realty Group, LLC License #BR528982000

Last Buyer's Agent

Kelly Hennessy

SERHANT. License #SA539833000

SERHANT.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,037

Year Built

  • Built in 1950

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer, cable TV, landscaping
  • The owner pays for trash collection
  • Tax Lot 1
  • Assessor Parcel Number 137-05-055-C

Community Details

Overview

  • 2 Units
  • Building Dimensions are TBD
  • Sabin Acres Subdivision

Building Details

  • Operating Expense $1,037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,037

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: E. UNIVERSITY DR & N. STAPLEY DR
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: C
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: eplr01
  • Co List Office Phone: 480-831-1731
  • Subdivision Name: SABIN ACRES
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other (See Remarks), Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Heat Pump, 2 or More Units
  • Heating: Heat Pump, 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: TBD
  • Additional Parcels: No
  • Parcel #: 137-05-055-C

Multi Family

  • Owner Pays: See Remarks, Trash Collection
  • Tenant Pays: Gas, Electricity, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Operating Expense: 1037.0

Tax Info

  • Tax Annual Amount: 1037.0
  • Tax Book Number: 137.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Jan 27, 2025
Sold by
Black Kelly M
Bought by
Juarez Andres
Seller's Agent
Alex Thomas
EPL Realty Group, LLC
Buyer's Agent
Kelly Hennessy
SERHANT.
List Price
$595,000
Sold Price
$525,000
Premium/Discount to List
-$70,000
-11.76%
Views
4
Current Estimated Value
$506,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,482
Avg. Annual Appreciation
-4.18%
Original Mortgage
$515,490
Outstanding Balance
$512,427
Interest Rate
6.91%
Mortgage Type
FHA
Estimated Equity
-$5,909

Purchase Details

Closed on
Dec 21, 2022
Sold by
Catherine M Ryan-Stover Trust
Bought by
Black Kelly M

Purchase Details

Closed on
Jun 7, 2022
Sold by
Ryan-Stover Catherine M and Stover Catherine Ryan
Bought by
Stover Catherine Ryan and Ryan-Stover Catherine M

Purchase Details

Closed on
Dec 10, 2009
Sold by
Ryan Stover Catherine
Bought by
Ryan Stover Catherine M and Catherine M Ryan Stover Trust

Purchase Details

Closed on
Jan 24, 2007
Sold by
Ellertson Zan Kia and Ellertson Marianne
Bought by
Stover William and Stover Catherine Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 1997
Sold by
Cloud Constance L
Bought by
Cloud Constance L and Cloud John D

Purchase Details

Closed on
May 23, 1995
Sold by
Ellertson John W and Ellertson Laura B
Bought by
Ellertson Zan Kia and Ellertson Marianne

Purchase Details

Closed on
Oct 3, 1994
Sold by
Cloud John Dell
Bought by
Cloud Constance L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $525,000 First American Title Insurance
Quit Claim Deed -- --
Deed -- New Title Company Name
Interfamily Deed Transfer -- None Available
Warranty Deed $250,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Cash Sale Deed $55,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- Transamerica Title Ins Co
Warranty Deed -- Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,490 FHA
Previous Owner $175,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $525,000 -11.8% $253 / Sq Ft
01/26/2025 01/26/25 Pending -- -- --
11/10/2024 11/10/24 For Sale $595,000 0.0% $287 / Sq Ft
11/04/2024 11/04/24 Price Changed $595,000 0.0% $287 / Sq Ft
09/29/2024 09/29/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $595,000 -- $287 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,034 $10,479 -- --
2024 $1,037 $9,980 -- --
2023 $1,037 $34,910 $6,980 $27,930
2022 $1,016 $26,760 $5,350 $21,410
2021 $1,028 $22,570 $4,510 $18,060
2020 $1,015 $20,000 $4,000 $16,000
2019 $948 $16,730 $3,340 $13,390
2018 $910 $13,660 $2,730 $10,930
2017 $883 $12,170 $2,430 $9,740
2016 $866 $11,350 $2,270 $9,080
2015 $814 $10,230 $2,040 $8,190
Source: Public Records

Agents Affiliated with this Home

  • Alex Thomas

    Seller's Agent in 2025

    Alex Thomas

    EPL Realty Group, LLC

    (480) 420-6679

    2 in this area

    31 Total Sales

    Alex Thomas
    Section Image
  • Peter Ellefson

    Seller Co-Listing Agent in 2025

    Peter Ellefson

    EPL Realty Group, LLC

    (602) 434-2193

    1 in this area

    27 Total Sales

    Peter Ellefson
    Section Image
  • Kelly Hennessy

    Buyer's Agent in 2025

    Kelly Hennessy

    SERHANT.

    (602) 318-6661

    1 in this area

    60 Total Sales

    Kelly Hennessy
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6761668

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-05-055C

Arizona Maricopa County Mesa 85203 Mesa Patios

1046 E University Dr, Mesa, AZ

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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